Use the Following Information and the Indirect Method to Calculate

question 74

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
$$\begin{array} { | l | r | } \hline \text { Cash paid for purchase of plant assets } & \$ 15,000 \\\hline \text { Decrease in interest payable } & 2,000 \\\hline \text { Depreciation expense } & 30,000 \\\hline \text { Gain on retirement of bonds } & 32,000 \\\hline \text { Increase in accounts } & 40,001 v a b l e \\\hline \text { Loss on sale of plant assets } & 5,000 \\\hline \text { Net Income } & 76,000 \\\hline\end{array}$$

• A) $22,000
• B) $117,000
• C) $69,000
• D) $37,000
• E) $91,000

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Definitions:

Proteosomes

Complex protein structures within cells that breakdown and recycle proteins that are damaged or no longer needed.

Peroxisomes

Membrane-bound organelles within cells that contain enzymes for breaking down toxic substances and synthesizing certain lipids.

Cell's Life Cycle

The series of phases (growth, DNA replication, division) through which a cell passes from one division to the next.

Carrier-Mediated Processes

Biological transport mechanisms in which specific carrier proteins facilitate the movement of molecules across cell membranes.